Annual Transportation Subsidy Sample Clauses

Annual Transportation Subsidy. Developer shall pay to the Authority a subsidy for the costs of the operation of transit services, transit facilities, transportation demand management programs, and other reasonable and customary operating costs (collectively, “Transit Operating Costs”) as provided for in the Transportation Plan in accordance with this Section (the “Annual Transportation Subsidy”). Notwithstanding the foregoing, any Transit Operating Costs paid through the Annual Transportation Subsidy cannot also be included as Transportation Capital Costs paid through the Transportation Capital Contribution Subsidy, and vice versa. (i) Developer shall pay the Annual Transportation Subsidy in annual installments (each, an “Annual Transportation Subsidy Payment”), except as otherwise described below. The first Annual Transportation Subsidy Payment shall be paid within six (6) months following Developer’s receipt of (x) written notice from TIMMA of TIMMA’s intent to commence the first new permanent on-island shuttle, East Bay bus service, or ferry service within the following twelve (12) months, and (y) written notice from the Authority requesting Developer pay the first Annual Transportation Subsidy Payment. The second Annual Transportation Subsidy Payment shall be paid upon the later to occur of (i) twelve (12) months after the first Annual Transportation Subsidy Payment or (ii) the date that permanent on-island shuttle, East Bay bus service, or ferry service is actually commenced. The third and all subsequent Annual Transportation Subsidy Payments shall be made on the annual anniversary of the date of the second Annual Transportation Subsidy Payment. (ii) Starting with the Original Reference Date, Authority shall be credited with a non-cash “Transportation Subsidy Account” balance of Thirty Million Dollars ($30,000,000). The amount of each Annual Transportation Subsidy Payment shall be the lesser of (i) the amount of the Annual Transportation Subsidy needed for Transit Operating Costs as shown in the annual budget adopted by TIMMA, and (ii) an “Annual Transportation Subsidy Maximum Amount” of Four Million Dollars ($4,000,000.00). If the Annual Transportation Subsidy Payment in any year is less than the Annual Transportation Subsidy Maximum Amount, then the unused amount shall be applied to the Annual Transportation Subsidy Maximum Amount for the subsequent year, and such amount shall become the new Annual Transportation Subsidy Maximum Amount for that year. (iii) Each Annual Transportat...
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Related to Annual Transportation Subsidy

  • Transportation Services i) In the event that transportation services for a student served by CONTRACTOR pursuant to an Individual Services Agreement are to be provided by a party other than CONTRACTOR or the LEA or its transportation providers, such services shall be reflected in a separate agreement signed by the parties hereto, and provided to the LEA and SELPA Director by the CONTRACTOR. Except as provided below, CONTRACTOR shall compensate the transportation provider directly for such services, and shall charge the LEA for such services at the actual and reasonable rates billed by the transportation provider, plus a ten percent (.

  • Transportation Allowance When an employee is required to travel to the Hospital or to return to her home as a result of reporting to or off work between the hours of hours, (other than reporting to or off work for her regular shift) or at any time while on standby, the Hospital will pay transportation costs either by taxi or by her own vehicle at the rate of thirty-five cents ($0.35) per mile (to a maximum of fourteen dollars ($14.00)) or such greater amount as the Hospital may in its discretion determine for each trip between the aforementioned hours. The employee will provide to the Hospital satisfactory proof of payment of such taxi fare.

  • Transportation of Accident Victims Transportation to the nearest physician or hospital for employees requiring medical care as a result of an on-the-job accident shall be at the expense of the Employer.

  • Joint Funded Project with the Ohio Department of Transportation In the event that the Recipient does not have contracting authority over project engineering, construction, or right-of-way, the Recipient and the OPWC hereby assign certain responsibilities to the Ohio Department of Transportation, an authorized representative of the State of Ohio. Notwithstanding Sections 4, 6(a), 6(b), 6(c), and 7 of the Project Agreement, Recipient hereby acknowledges that upon notification by the Ohio Department of Transportation, all payments for eligible project costs will be disbursed by the Grantor directly to the Ohio Department of Transportation. A Memorandum of Funds issued by the Ohio Department of Transportation shall be used to certify the estimated project costs. Upon receipt of a Memorandum of Funds from the Ohio Department of Transportation, the OPWC shall transfer funds directly to the Ohio Department of Transportation via an Intra- State Transfer Voucher. The amount or amounts transferred shall be determined by applying the Participation Percentages defined in Appendix D to those eligible project costs within the Memorandum of Funds. In the event that the Project Scope is for right-of-way only, notwithstanding Appendix D, the OPWC shall pay for 100% of the right-of-way costs not to exceed the total financial assistance provided in Appendix C.

  • Transportation Management Tenant shall fully comply with all present or future programs intended to manage parking, transportation or traffic in and around the Building, and in connection therewith, Tenant shall take responsible action for the transportation planning and management of all employees located at the Premises by working directly with Landlord, any governmental transportation management organization or any other transportation-related committees or entities.

  • Transportation Charges The cost of transporting Employees and Material necessary for the Mining Operations.

  • Please see the current Washtenaw Community College catalog for up-to-date program requirements Conditions & Requirements

  • Xxxxxxxx Tobacco Co [Xxxxx Progeny] Circuit Court, Levy County, (Bronson, FL) $8 million in compensatory damages; 90% of fault assigned to RJR Tobacco, which reduced the award to $7.2 million; $72 million in punitive damages. See “— Xxxxx and Xxxxx Progeny Cases” below.

  • Procurement Planning Prior to the issuance of any invitations to bid for contracts, the proposed procurement plan for the Project shall be furnished to the Association for its review and approval, in accordance with the provisions of paragraph 1 of Appendix 1 to the Guidelines. Procurement of all goods and works shall be undertaken in accordance with such procurement plan as shall have been approved by the Association, and with the provisions of said paragraph 1.

  • TOBACCO FREE CAMPUS All Orange County operations under the Board of County Commissioners shall be tobacco free. This policy shall apply to parking lots, parks, break areas and worksites. It is also applicable to Contractors and their personnel during contract performance on County owned property. Tobacco is defined as tobacco products including, but not limited to, cigars, cigarettes, e-cigarettes, pipes, chewing tobacco and snuff. Failure to abide by this policy may result in civil penalties levied under Chapter 386, Florida Statutes and/or contract enforcement remedies.

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